In the ever-changing landscape of the mortgage market, staying informed about potential shifts is crucial for homeowners and prospective buyers alike. Fairway Independent Mortgage Planner Josh Kilty is here to guide you through the promising outlook for 2024. 1. The Anticipated Decrease in Interest Rates: As we step into 2024, industry experts forecast a decline in interest rates. This presents an opportune moment for homeowners to reassess their mortgage situations. Lower interest rates mean reduced monthly payments, potentially allowing homeowners to save significantly over the life of their loans. Kilty recommends keeping a close eye on market trends and being...
Fairway Independent Mortgage Corporation Voted “#1 in Customer Satisfaction among Mortgage Origination Companies” by J.D. Power
Fairway Independent Mortgage Corporation is thrilled to announce its recent recognition as the “#1 in Customer Satisfaction among Mortgage Origination Companies” by J.D. Power. This esteemed accolade reflects Fairway’s unwavering commitment to providing exceptional service to homebuyers across the nation. Josh Kilty, Mortgage Loan Officer in Marshfield, commented on the achievement, saying, “This recognition by J.D. Power is a testament to our dedication to customer satisfaction. At Fairway, we prioritize our clients, and this acknowledgment motivates us to continue exceeding expectations.” Fairway Independent Mortgage Corporation is nationally ranked as a top 10 mortgage provider, and the company’s move to a...
Fairway Mortgage of Central Wisconsin To Celebrate Grand Opening at New Location in Marshfield
Fairway Mortgage of Central Wisconsin is excited to announce the grand opening of its new and more accessible location in downtown Marshfield. The event will take place on Wednesday, November 8th, starting at 4:00 P.M., located at 144 S. Central Avenue, Marshfield, WI 54449. Fairway Mortgage of Central Wisconsin is committed to serving the community, offering a range of mortgage solutions that cater to diverse needs, including purchases, refinancing, and reverse mortgages. Their dedicated team of mortgage professionals, led by Mortgage Planner Josh Kilty, prides itself on providing exceptional service, competitive rates, and favorable terms to suit each client’s unique...
Fairway Mortgage of Central Wisconsin Has New Location
Fairway Mortgage of Central Wisconsin is excited to announce that it has relocated its office to a new, more accessible location at 144 S Central Avenue, Marshfield. This move represents a significant step forward for the company, allowing it to continue serving its valued clients with even greater convenience and efficiency. In the fast-paced and ever-changing real estate market, both home buyers and homeowners need to keep a close eye on their bottom line and seize opportunities as they arise. This move is a strategic decision that reflects Fairway Mortgage of Central Wisconsin’s commitment to providing its clients with exceptional...
Differences Between a 15 and 30-Year Mortgage
A 15-year mortgage and a 30-year mortgage are two common options for home financing, each with its own set of pros and cons. At Fairway Mortgage, we’re here to help you determine which mortgage option is best for your situation. The choice between the two depends on your financial situation, goals, and priorities. Here’s a breakdown of the pros and cons of each type of mortgage: 15-Year Mortgage: Pros: Lower Total Interest Costs: The most significant advantage of a 15-year mortgage is that you’ll pay substantially less interest over the life of the loan compared to a 30-year mortgage. This...
5 Things to Look for When Choosing a Mortgage Professional
Making Informed Decisions in the Face of Rising Interest Rates As interest rates continue to rise, it becomes increasingly important to make informed decisions when it comes to securing a mortgage. Choosing the right mortgage professional can make a significant difference in your financial well-being. Fairway Mortgage explains five crucial factors to consider when selecting a mortgage professional. By understanding these elements, you can navigate the changing interest rate landscape and make choices that will help you save in the long run. 1. Experience and Expertise: One of the first things to look for when choosing a mortgage professional is...
Fairway Can Assist with Low Inventory Challenges in Housing Market
Those currently in the market for a home are probably experiencing challenges stemming from inventory. These challenges include increased competition, limited choices, and rising prices. During times of low inventory in the housing market, working with a reliable and experienced mortgage lender like Fairway Mortgage can offer several advantages. Expertise and Experience: Fairway Mortgage has a team of professionals who specialize in mortgage lending and have extensive experience navigating different market conditions. Their expertise can help you understand the current housing market dynamics, including low inventory challenges, and guide you through the mortgage process. Pre-Approval Advantage: With low inventory, the competition among...
Credit Scores and Mortgages: What to Know
Credit scores are numerical ratings that lenders use to evaluate a borrower’s creditworthiness. They are calculated based on a variety of factors, including payment history, credit utilization, length of credit history, and types of credit accounts. The most commonly used credit score model is the FICO score, which ranges from 300 to 850. The higher the score, the more creditworthy the borrower is considered to be. “When it comes to home-buying, credit scores play a significant role in determining whether a borrower will qualify for a mortgage and at what interest rate,” said Josh Kilty, Mortgage Loan Officer with Fairway...
Fairway Mortgage Shares How a Reverse Mortgage Can Benefit During a Bear Market
A reverse mortgage is a unique loan that allows homeowners, who are typically aged 62 or older, to convert a portion of their home equity into cash without selling their home, giving up ownership or having to take on required monthly mortgage payments. The borrower will have to abide by the loan terms, which include living in the home, maintaining it and paying property charges, like taxes and insurance. With a reverse mortgage, the flow of money generally moves in reverse—the lender pays the borrower instead of the borrower making payments to the lender. The amount that can be borrowed...
Fairway Independent Mortgage Named 2023 Top Workplace in the USA
Fairway Independent Mortgage Corporation has announced it has earned the 2023 Top Workplaces USA award, issued by Energage, a purpose-driven organization that develops solutions to build and brand Top Workplaces. The Top Workplaces program has a 15-year history of surveying more than 20 million employees and recognizing the top organizations across 60 markets for regional Top Workplaces awards. “I’m really proud to be a part of a company that values its workforce,” said Josh Kilty, Fairway Mortgage in Marshfield. Top Workplaces USA celebrates organizations with 150 or more employees that have built great cultures. Over 42,000 organizations were invited to...